Virtual Company License in Dubai – An Initiative for Non-Residents of UAE
Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, Deputy Ruler of Dubai, on 1st October 2019 has announced the launch of the UAE’s first ‘Virtual Company License.’
What is ‘Virtual Company License’ in Dubai?
Doing business in Dubai has got a lot easier after the launching of Virtual Company License by the Dubai Government. This will enable non-resident investor/owner from worldwide to start a business in Dubai without being a resident of UAE.
Dubai Authorities and Stakeholders have come up with a joint initiative of launching a virtual company license. Dubai Economy, Dubai International Financial Centre (DIFC), General Directorate of Residency & Foreigner’s Affairs (GDFRA), Smart Dubai and the supreme legislation Committee focused on three sectors of the industry: Creative industry, technology and commercial services. This will open gates to freelancers and businessmen around the globe to invest and work on e-commerce channels and easily deal with local companies and explore the UAE market.Enquire Now